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OECD Lauds France's Growth,
But Warns About Sustainability

PARIS -- The Organization for Economic Cooperation and Development said France faces major reform challenges if it is to secure a future of sustainable, inflation-free growth.

The Paris-based group, which is often critical of France's policies, also said the growth rate of Europe's second-largest economy had surged ahead of Germany's and Italy's in the late 1990s, although they should start to catch up.